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Retirement Tax Mistakes that Could Cost You Thousands!
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💰 Are you unknowingly making tax mistakes that could drain your retirement savings? In this episode of Early Retirement Roadmap, host Mike Upland breaks down the biggest retirement tax traps and how to avoid them.
📉 Learn how improper IRA and 401(k) withdrawals can push you into a higher tax bracket, trigger unexpected Social Security taxes, and even increase your Medicare premiums. We’ll also cover:
✅ The mistakes retirees make when withdrawing from their retirement accounts
✅ How strategic withdrawals can lower your lifetime tax bill
✅ What you MUST know about Required Minimum Distributions (RMDs)
✅ How to use Roth Conversions and Qualified Charitable Distributions (QCDs) to reduce taxes
✅ Case study: How Bob & Linda lost thousands—and what they should have done instead
Whether you're already retired or planning for the future, these tax-smart retirement strategies can help you keep more of your hard-earned money.
🎧 Listen now to avoid costly mistakes and make your retirement savings last longer!
🔗 Don’t forget to subscribe or follow, rate, and review so more people can benefit from these strategies!
🎥 When you’re not on the go, check out Mike’s Early Retirement Roadmap YouTube channel for more insights and inspiration. And for my real life stories and experience in early retirement, check out my Youtube channel Early Retired & Real.
🌐 Visit MikeUpland.com – Connect with Mike & explore retirement resources
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